Chinese phone maker Xiaomi, known for their popular Xiaomi Mi series of high-end yet sensibly priced Smartphones, have launched their cheapest Android powered Smartphone to date. Say hello to the low-priced yet good-looking Xiaomi Red Rice, priced at just $130 a piece.

Xiaomi Red Rice specifications:

1.5 GHz quad-core MediaTek MT6859T

PowerVR SGX544MP GPU

1 GB of RAM

4.7" HD (1280 x 720) Display

8 MP Rear, 1.3 MP Front Camera

4 GB Internal Storage, Micro SD Card Slot

MIUI V5 On Android 4.2.1 Jelly Bean

The Xiaomi Red Rice looks to be a very capable phone, and packs specifications that rival phones which cost twice as much. We are very surprised to see an HD display and 1 GB of RAM on a Smartphone that costs just $130. Now, if only we could pick one of these babes up at a local store.